Nifty Futures Trading

[Sunil]

some key levels to watch out tomorrow, as per today's charts:

LOD / double bottom area = 2695
2730 / 2742
2790
2840

 

[cooltechnocrat]

Sunil is it C&H formation in 5 mins chart ?

 

[new2sm]

looks like mkts will end around 2795. charts are showing indirection between bulls and bears. tommorow will show.

 

[Sunil]

Sunil is it C&H formation in 5 mins chart ?

was just observing that in 15min chart
also switch to 15min chart for good dbl bottom's peak breakout...

 

[Sunil]

some key levels to watch out tomorrow, as per today's charts:

LOD / double bottom area = 2695
2730 / 2742
2790
2840

Deja vu... given the flatest of closings in Fut

Day starts again with 2790 in mainframe...(coincidentally, 2784 is the "classical" pivot for today)
Below 2790, bulls need 2770-62 to hold, else an immediate retest of the upper line of yesterday's rectangular ranged trade ie 2742-37
Bears need to break this 2742-37 for a retest of yesterday's LOD
LOD 2694 should IDEALLY not break so easily in its first attempt/retest today..
Below 2694 -> 2668 / 2654

if 2770-62 is held, then bulls need to take 2790 & then 2840
Above 2840-49, we can see 2870 & then 2900 area.

it seems there's hardwork for both, bulls & bears, today...

(PS: if spot closes is red today, then it will be a 5th day of consecutive negative closings..
only hitch is that FUT - which closed, though in red, but by just 0.40 points...
let's see the EOD result)

 

[uasish]

Hope to stay here upto 11.30

 

[uasish]

Sunil,

Did you notice the 'Saucer'/'Cup' type pattern in Nifty Fut 10 mins chart.

Asish

 

[uasish]

2 Land mark before Mkt opens.

2855

2770

 

[uasish]

2760 is High till now so below 2770,missed by 10 points.

 

[Sunil]

LOL...
... and i was saying it was going to be tough for both bulls & bears...


bears now just have yest LOD in sight